SEO MCQ Question Page

Which statement best explains Internal control?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #25922 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Auditing Sectional Test 2026 Medium

Which statement best explains Internal control?

Correct Answer: A. Process designed to provide reasonable assurance regarding objectives such as reliable reporting and compliance
Internal control: Process designed to provide reasonable assurance regarding objectives such as reliable reporting and compliance

Question: Which statement best explains Internal control?

A. Process designed to provide reasonable assurance regarding objectives such as reliable reporting and compliance

B. Audit procedures designed to detect material misstatements at the assertion level

C. Risk that a material misstatement will not be prevented or detected and corrected by internal control

D. Magnitude or nature of misstatement that could influence decisions of users

Correct Answer: A. Process designed to provide reasonable assurance regarding objectives such as reliable reporting and complianceInternal control: Process designed to provide reasonable assurance regarding objectives such as reliable reporting and compliance

← Previous Question Next Question →

Which statement best explains Internal control? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: A. Process designed to provide reasonable assurance regarding objectives such as reliable reporting and compliance